Retirement Income Planning

As you near retirement, it’s natural to worry about how to establish a monthly income stream to support your lifestyle. You may be wondering

• “Do I have enough saved to last a lifetime?”
• “How will I replace my monthly salary?”
• “In what order should I draw from my accounts?”
• “When should I begin taking Social Security?”
• “If something unexpected happens, will my family be okay?”
• “How will I pay for healthcare expenses in retirement?”

At Workplace Financial Advisors, we strive to answer all of your questions as we develop custom retirement income strategies to replace your monthly salary and support your desired lifestyle.

As you near retirement, we gradually shift your portfolio from growth focused to income focused. Once you’ve retired, we implement a low-risk income strategy to cover your monthly living expenses. Our approach takes into consideration your life expectancy, marital status, income requirements, retirement goals, Social Security benefits and more.

Ongoing, we monitor and adjust your retirement income strategy to help ensure it continues to meet your needs as your life and goals evolve. Our focus is on providing you with the confidence of knowing you are on track toward living comfortably in retirement.